Policy & Regulation

The New York Bankers Association is challenging the legality of a local law that is designed to cajole banks into making larger investments in poorer communities. The outcome could be an important precedent in relation to similar laws in other cities.

The Office of the Comptroller of the Currency has named Stephen Warren chief information officer.

SunTrust Banks participated in a drug sting in South Florida in which law enforcement officers and a former bank branch manager may have behaved improperly, according to a story in the Miami Herald.

Banks are strongly condemning the Department of Education's proposed changes to its student loan disbursement rules, saying that the proposal is an attempt to regulate banks in a way that exceeds the department's statutory authority and hurts students.

M&T Bank said it's in discussions with U.S. officials to settle an investigation into the lender's origination and sale of federally insured home loans.

Former Wilmington Trust President Robert V.A. Harra was indicted on U.S. charges that he lied to regulators as part of a scheme to hide bad real-estate loans

The Federal Reserve should require community groups to disclose the contributions they receive from banks in order to ensure that controversial mergers receive fair public hearings.

The Consumer Financial Protection Bureau has ramped up its push for the mortgage industry to switch to an electronic closing process after results from a pilot program showed consumers favored it over in-person mortgage closing.

Capital One Financial in McLean, Va., has been hit with an enforcement action by federal regulators for deficiencies in anti-money laundering compliance that were connected to a former check-cashing business.